ECONOMIC STRENGTH – NEW MILLIONAIRES COMPARISONS ASIA-PACIFIC REGION
A new breed: A good test as to whether countries are democratic is looking at if their economies have created new millionaires.
In Asia-Pacific, the next generation is showing signs of economic prosperity & new strength. Look at link to see what nations are doing the best in creating new wealth leaders to ensure robust economic wealth distribution.
As economic wealth is as simple as tracking flows, here’s a story of that principle too.
In other Asia-Pacific news, P.R Venkat writes: Singapore -Shareholders of Fraser & Neave Ltd. (F99.SG) Friday agreed to sell their stake in a beer joint venture to Heineken N.V. (HINKY, HEIA.AE) for about $4.6 billion, ending a two-month saga in which the Dutch brewer’s bid to strengthen its foothold in the lucrative Asian beer market looked to be threatened by a reclusive Thai billionaire.
The decision, passed at a meeting of F&N shareholders, paves the way for Heineken to take full control of Asia Pacific Breweries Ltd. (A46.SG), the maker of Tiger Beer and one of Asia’s most profitable beer businesses. As of Friday, F&N owns 39.7% of APB, while the Dutch brewer owns 55.64%.
The deal would give Heineken control over the Tiger and Bintang APB beer brands, which make up nearly 50% of the beer market in Indonesia, Malaysia and Singapore, according to data provider Euromonitor.
The race to gain control of APB started in mid-July when Mr. Charoen Sirivadhanabhakdi began buying stakes in F&N as well as APB, respectively through his beer outfit Thai Beverage PCL (Y92.SG) and Kindest Place Groups, a vehicle linked to his son-in-law.
The Thai tycoon’s purchase of stakes in F&N and APB prompted Heineken to try to wrest control of its 81-year-old joint venture with the Singapore conglomerate. The Dutch firm in July made a 5.1 billion Singapore dollar ($4.2 billion) offer for the whole of APB, sweetening that bid to S$5.6 billion a month later.
~Posted by Horiwoodblog, Aotearoa New Zealand, Polynesia Asia-Pacific. 3.10.12~